Reinsurance broker JLT Re and CXIS have announced a new partnership for the launch of CXIS’s Property & Casualty Retention and Policy Growth Programme.
CXIS Joseph Serrano said; “We’re thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention programme to their clients.
“Beyond JLT Re’s deep market expertise, sophisticated analytic capabilities, and powerful brand equity – they’re good people who operate with integrity.
“Together we are providing a compelling and truly unique offering for P&C companies.”
JLT Re and CXIS are evaluating continued data synergies, and CXIS said it will continue its patent processes through the remainder of 2017.
Ed Hochberg, CEO of JLT Re, said; “JLT Re’s clients will benefit from our partnership with CXIS, offering new and value added services designed to improve performance and profitability.”
CXIS said P&C companies are currently averaging a 4% increase in policy-holder retention as a result of the programme – enabling carriers to clear their total investment after month 1 in a 12 month programme.
JLT Re has secured the exclusive rights to distribute this programme to its clients with discounted client pricing, and will be complementing the offering with its own advanced modelling capabilities.